Iranian South Pars Generated almost $360 Billion in Revenues over the Last 20 Years

Director of Production and Operations of Pars Oil & Gas Company announced the cumulative growth of gas production from South Pars since the beginning of operation in 2002 at about 2,000 billion m3.

The duties of Pars Oil & Gas Company are divided into 2 areas of development and production, which are in the field of development, construction and operation of South Pars projects and in the field of production, according to the operation and management of the offshore sector, currently, more than 70% of the country’s gas is extracted from the South Pars field.

More than $80 billion has so far been invested in South Pars.
The field saw its output increase 2.5-fold from 2013 to 2021.

The 1st production platform of South Pars came online in 2001 with a production capacity of 28 million m3 of gas per day.
Currently, the daily gas production capacity of the Iranian section of South Pars, with 37 production platforms, 372 wells, and 3,200 km of 32-inch subsea pipelines, has reached 700 million m3 per day.

Iran shares the South Pars/North Dome field, the largest in the world, with neighboring Qatar.
Iran started developing its own portion of South Pars about 20 years ago

About Parvin Faghfouri Azar

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